Expiry trade setup for 6th August


  1. Yesterday was a volatile day. Markets were all over the place. The market gapped up and fell after first hour. There was a mild recovery in the second half. Reliance and HDFC bank was the major contributors.
  2. Reliance was up in the morning but closed in the red. It was obviously the Wednesday volatility which played. 
  3. Today we have the RBI policy and there might be some volatility after the policy. I am expecting the RBI to keep the rates unchanged. But there might be some news on the moratorium front which can change the game for the banknifty. 
  4. So for today's expiry my trades will be low till RBI policy. Lets see. 
  5. Rains are creating havoc in many cities. It is acting like salt on a wound when people are already suffering from carona pain. 
  6. The day before yesterday, reliance made an unexpected move. When reliance makes an unexpected move then there is a huge chance that it reverses. 

MY TRADES
  1. Have executed the below strategy in the Reliance
    1. sold 2340ce X 1
    2. buy 2420ce X 1
  2. I have executed the below strategy for today's expiry
    1. 11100ce X -1
    2. 11100pe X -1
INTERNATIONAL MARKET
  1. Yesterday the US markets closed in the green. Now the US market is in the green for 4 consecutive days. 
  2. European markets also closed in the green.
  3. The Asian markets are flat to negative. Philipines has entered recession after their GDP fell. So there is some worry in the market.
FII AND DII
  1. FII have sold 60cr and DII have sold for 425cr
CRUDE AND $
  1. Crude is trading at $45. 
  2. $ is at 
EXPIRY SETUP
  1. Nifty has the highest OI at 11200ce and 11000pe
  2. Banknifty has highest OI in 22000ce and 21000pe
  3. Nifty has the maxpain at 11100 and that of banknifty is 21500
  4. Today it will be difficult to define a range as RBI stance on moratorium and restructuring will decide the movement. 
  5. My volumes will be low in the first half. Will scale up probably after the policy

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